Page 55 - Malaysian Ringgit News Today

4/28/2021 3:56:03 AM GMT Investors continue to reshuffle exposure ahead of todays US FOMC meeting, with equities trading sideways, the US Dollar rising modestly, and the long end of the US yield curve steepening. The scale of the shuffle, though, hints at caution and not panic. Assuming that the FOMC stays resolutely "on message," I expect buy everything business as usual to return shortly thereafter. US earnings continue to show impressive results, although I note that with so much good news b...

Illegal Bitcoin mining ops busted in Malaysia, two Chinese nationals held ANI | Updated: Apr 20, 2021 16:55 IST Selangor [Malaysia], April 20 (ANI): Cops in Malaysia have seized 297 bitcoin mining machines and other electrical equipment worth around Malaysian Ringgit (RM) 100,00 after raiding multiple premises allegedly involved in stealing power. A police officer from the Serdang town in Selangor state on Monday said that they conducted raids at three prem...

4/12/2021 4:12:05 AM GMT Market highlights  With earnings season set to kick off this week, investors prepared by snapping up stocks at a fast and furious pace, anticipating that this years hottest trades will receive another boost An unsettling calm has come of oil markets as Brent remains anchored around $63 with traders adopting a wait-and-see range trade mentality USD seems to turn the corner with quarter-end demand and rebalancing in stocks out of the way; Higher China inflation prints la...

The inflation genie I mentioned on Friday found life rather uncomfortable in its bottle, it appears, as US yields shot higher on Friday. Notably, the

3/12/2021 5:03:39 AM GMT The buy-everything animal spirits refused to be caged any longer overnight as financial markets returned the inflation genie to its bottle. Technology was back, the S&P 500 and Dow Jones closed at record highs, US yields held steady, Bitcoin rose, and the US Dollar fell, with markets partying like it was 2020. Earlier in the evening, the European Central Bank remained unchanged and signalled it would accelerate the pace of QE buying to cap yields. The Euro gained a pass...

IFJ 24 February 2021 A Setback for Media Freedom in Malaysia A coalition of Malaysian and international media organisations and freedom of expression groups, including the Centre for Independent Journalism, Gerakan Media Merdeka and the National Union of Journalists Peninsula Malaysia, and global partners International Federation of Journalists, Article 19, Reporters Without Borders and the Centre for Law and Democracy are concerned that the Malaysian Federal Court’s 19 February 2021 convic...

2/23/2021 4:37:28 AM GMT Financial markets have an every man for himself look about them today, as various asset classes diverge in their own directions. A combination of tightening yields and the impending two-day testimony by Fed Chairman Powell starting today in Washington DC seems to have provoked differing reactions across different markets.  Despite yields rising once again in the 10 and 30-year tenors, the US Dollar fell overnight across the board. Gold rallied impressively as the Dolla...

Billions to be spent over 10 years, government claimsHyper-cloud and network planning and build to be executed togetherIt’s so ambitious that even if it gets h…

Apart from being another year older, not much has materially changed in the world over the weekend from my perspective. Markets remain target fixated

LoyaltyLobby Malaysia Airlines Enrich is revamping their program structure and will go revenue based (for MH flights) as of April 1, 2021 which will come to the detriment of low cost flyers. Enrich will also move away from the system of Elite Miles based on distance flown and instead move to a chart that awards Elite Points based on zones just like British Airways Executive Club does it. With this move Malaysia Airlines Enrich (which wasn’t either generous or a good value in the ...